2011年-FSB全球金融稳定委员会_The_Financial_Crisis_and_Information_Gaps_–_Second_Implementation_Progress_Report_10页_263kb

FSB Launches Peer Review on Deposit Insurance Systems

Core Content Overview

The Financial Stability Board (FSB) initiated a thematic peer review on deposit insurance systems in 2011, aiming to evaluate the effectiveness of these systems across its member jurisdictions. This initiative follows the 2008 financial crisis, which highlighted the critical role of deposit insurance in maintaining financial stability. The FSB, in collaboration with the Basel Committee on Banking Supervision (BCBS) and the International Association of Deposit Insurers (IADI), uses the Core Principles for Effective Deposit Insurance Systems (issued in 2009) as a benchmark for the review.

The peer review includes a questionnaire distributed to FSB members, which is designed to collect detailed information on key features, reforms, and implementation of the Core Principles. Responses are to be submitted by 26 August 2011, and the resulting report is expected to be published in early 2012.

Main Objectives and Focus Areas

The peer review has three main objectives:

1. Assess current deposit insurance systems and any planned changes.
2. Draw lessons from crisis-related reforms and evaluate their effectiveness.
3. Identify potential gaps in the design of deposit insurance systems, including coverage, cross-border cooperation, funding, public awareness, and depositor reimbursement.

Key Focus Areas

• Coverage: Information is requested on the scope of coverage (e.g., types of deposits, institutions, and depositors), including limits and whether coverage is indexed.
• Reforms: Details on measures introduced during the financial crisis, whether they were temporary or permanent, and their impact on financial stability.
• Funding and Governance: Evaluation of funding mechanisms (ex ante vs. ex post), the role of the deposit insurer in governance, and its independence from government and industry influence.
• Public Awareness and Reimbursement: How deposit insurance is communicated to the public and the procedures for reimbursing depositors in case of bank failure.

Key Information and Stakeholder Involvement

The FSB invites feedback from stakeholders, including financial institutions, industry and consumer associations, and other interested parties. This feedback is crucial for understanding the real-world impact of deposit insurance systems and identifying areas for improvement.

The questionnaire is structured around three main sections:

1. Key Features of the Deposit Insurance System – Includes questions on the structure, coverage, and activation of the system.
2. Reforms Undertaken in Response to the Financial Crisis – Focuses on measures taken during the crisis and their long-term implications.
3. Implementation of Specific Core Principles – A detailed examination of how each of the 18 Core Principles is applied within each jurisdiction.

Methodology and Timeline

• The Core Principles were developed by BCBS and IADI in 2009 and later supported by the IMF, World Bank, European Commission, and the European Forum of Deposit Insurers.
• A methodology for assessing compliance with these principles was published in December 2010.
• The peer review is part of a regular programme initiated by the FSB in 2010, which includes both thematic and country-specific reviews.
• The final report is expected to be published in early 2012, with stakeholder feedback considered during the analysis.

FSB Structure and Leadership

• The FSB is composed of 24 countries and jurisdictions, along with international financial institutions and regulatory bodies.
• It is chaired by Mario Draghi, the Governor of the Bank of Italy.
• The Secretariat is located in Basel, Switzerland, and hosted by the Bank for International Settlements (BIS).

Summary of Key Questions

The questionnaire includes detailed questions on:

• The existence and structure of deposit insurance systems.
• The coverage of deposits (including types, limits, and cross-border aspects).
• Funding mechanisms and the use of ex ante and ex post funds.
• Reforms introduced during the financial crisis and their implementation.
• Governance and independence of the deposit insurance system.
• Public awareness and communication strategies.
• Failure resolution and the role of deposit insurers in bank liquidation.

The FSB emphasizes the importance of systemic resilience, public confidence, and coordinated action across jurisdictions to ensure the effectiveness and sustainability of deposit insurance systems.